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What is the value of the average propensity to consume at $200 real GDP?What is the value of the average propensity to consume at $400 real GDP?What is the value of the average propensity to save at $200 real GDP?What is the value of the average propensity to save at $400 real GDP?What is the value of the marginal propensity to consume?What is the value of the marginal propensity to save?
An increase in input prices for rice production; and an improvement in rice production technology. Use diagrams to analyze the effects of these changes on equilibrium price and quantity.
(c) Probability that the chlorine concentration will exceed 0.80 ppm (d) Probability that the chlorine concentration will be under 0.85 ppm (e) Probability that the chlorine concentration will be between 0.80 ppm and 0.90 ppm
Is there an externality? If so, describe it, including references to whether it is positive or negative, and whether it is a consumption or production externality. If there is an externality, does it seem likely that private markets will arise tha..
Make a brief history of the FEDERAL RESERVE system and explain the organizational structure of this agency as well as the role the Fed has in drafting and implementing United State Monetary policy.
Outdoor Sports Corporation, with its main office in Iowa, is considering opening a branch office in Los Angeles. Under normal economic conditions, which have a 45 percent chance of occurring,
Elucidate what factors besides your quantitative analysis should be considered in making this decision.
Look at some of the news reports on the current election campaigns. State a claim made by a candidate that is an example of the fallacy of false cause. How do economists attempt to avoid this problem
Estimate total revenue function and the marginal revenue function with just this information.
In 2008, the box industry was perfectly competitive. The lowest point on the long run average cost curve of each of the identical box produces was $4,
Experiment with the number of steps for binomial tree model until your numerical result stabilizes to within one cent of the result given through the Black-Scholes formula.
Find the marginal utility functions of the following utility functions: Plot the marginal utility functions. Indicate which of these functions appear to exhibit diminishing, constant or increasing marginal utility? 1. u(x,y) = 3x + 2y
The price elasticity of demand for a textbook sold in the US is estimated to be -2.0, whereas price elasticity of demand for books sold in overseas markets is -3.0.
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